The Oregon daily journal., May 19, 1912, Page 21, Image 21

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THE OREGON SUNDAY JOURNAL PORTLAND, SUNDAY MORNING. MAY H. 1911.
ft I
.1011 REALTY :
LOCALLY
MET
IS "UNCHAHGED"
Owners Are NotMaking Con
cessions; Feeling of Confi
dence Manifested Is Hav
ing Good Effect Generally,
i
Bmlneea In Portlaad ral atata pr-
jaaaia a lomtwhtt anoenaloua and pe
culiar conditio of kfftlrc In mnt of
Kh arokerafe efflcee there la an tp
Ipearance of buetllnt activity. It ta
Janown that thera are a number of large
Ideala undir ar. out tht afrfate r
ulta of th brokare' efforta ar not up
to tha normal etandard of volume.
There la but ona cause for thla condi
tion, and that la pollilce. Men almalr
will not put out largo auma of money
In Inveatmeote whila a fierce and bit
tor national political atrufgla la la
progress.
Notwithstanding tha evidence of a
rferreae In tha voluma'of bualnaaa
transacted laat weelc aa compered with
ether recent Ilka partoda, tha tona of
tha market remained unchanged. Own
art ara not making eoncaaalona. nor la
thara any Indication In alght that hold
ara will weaken. Tha ganaral faallng
of confldanra menlfeated by own ara.
brokare and oparatnra la harlng a good
effect.
Heat? of Mosey.
Thara la mora monay to ba had la
Tortland tight now for tha Improvement
of tlty property than-ever bafora. Thli
la clearly ahown by private Invaatora
actually making tha rounda of tha
brokara' offlree offa.Hnt. tlma monay on
real aitato mortgagee at a reduced rata
of lntaraat. On monay brokar reporte
that hla offlea la flooded with monay
to loan for building purpoeee.
T'tth money plentiful for realty loana
and tha abaanca of any tandaney of
ownara to mako eoncaaalona In price,
tha optimistic faallng that battar ren
dition, will .aoon prevail la not without
Juatlflcatlon.
There la an abundant aupply of money
available on mortgage for realdenee
construction, but tha demand for It la
"Mt what it waa M daya ago. Thla con
dition oT tht mortgage money market
ahnutd have tha affect of reducing ln
taraat rates. So far tha rate la held
at 7 Par cant, but a reduction to H
or even per cant la looked, for at an
early data.
ZTaw Bale BportA
Among the aalea of real aetata eon-
I
ft
' ! " f 4 '
u4 '.
w
is
Tbraa ttorfea of the ileal frara of the now Orefoo boe. under conitractton at Baraath and Oak atraeta.
m raw
WAS ERECTED IN
CHICAGO IN 1886
Widespread Belief That Honor
Belongs to New York Shat
tered; 100 Story Building
Not Practical as Investment
Tha wldeapread belief that the flrat
ateal akaleton building In the world
waa erected In New Tork and that
Bradford Lea Gilbert waa tha father o
the akyacraper. received a rude ahork
recently when a Chicago architect dug
vp tha proof that tha Windy City pea-
aeaaed a ateel frame akyacraper three
eluded laat week eeveral ara noted In-I roara before that claea of building-made
volvtng expensive raaldanca properties, I Ita appearance on Manhattan laland.
a well aa a number of near-buaineia The atorr n that in iiift nMr..
a i t a i - a a- a ..a I w - - " a w
Karneat Kroner haa aold to Max Bloom
and aaaorlatea, three residence, occupy
ing a quarter block at the northaaat
corner of Front and Curry atreeta,
Couth Portland. .The consideration In
volved waa 111. 000. Mr. Kroner ac
quired tht - property about five year,
ao at a eoat of about 110,000.
V.'ackrow A Woodhouaa. Union are
rue plumbara, cloaed a deal laat week
through Mall A Van Boratell for the
purchase of a 40 by (1 foot parcel
located drt Kast Buraalda street, near
ICaat Sixth. Tha property waa purchased
from Loots Lam perl for 110.000. It
T.ill he utilized aa a site for a modern
$20,000 business house which will ba
rected this year.
The elegant new home of n. P. Palm-
glneer, was employed by a Chicago syn
dicate to solve tha problem of using
in steel in the frame or a II efory of
flea building that It was deatrad ta
build In the "Loop." Tha reault waa
the 'Tacoma" building, tha entire atruc-
tura or which waa made of Bessemer
steel beams and uprights. Thla building
waa ftnlahed In lilt. Three year a Inter
tha "Tower" building, at SO Broadway
waa bunt and that waa the flrat steel
akaleton atructura built In New Tork.
Sas Bapld Orowih.
tmpreseed'Witli trie tnatertal I1 "of
rantabla apace In buildings crated by
tha old method, where masonry carried
the burden of the structure, and
spurred on by the enormoua lncreas. In
- . . . - r-- . Btruiiwi vii vj uiv iiuiiiiuub 1 uv I n s ill
Latw er, of the Palmor-Jonea company, lo- raluea In tha "loop" section of r-hlrago
rated on Eat Twenty-first street, near
Thompson, on a 100 by 100 foot alte,
Jias been sold to A. II. Da Oolyar of
Chicago for 120. 000. The house la one
of the most Complete and finest homes i
In Irvington. Mr. Da Oolyar Will oc
cupy it as a home. ,
rut Building-.
and on lower Manhattan laland. Chi
cago and New Tork architects cava the
naw theory of making ateel carry 'he
load oX skyscrapers their attention wHh
tha reault that no other type of atruc
tura la now pirmitted In tha high priced
districts of thoso cities.
New York's Imposing skyline, which
John O. Thomassen, of . Pella, Iowa, ao Impresses travelers aa they come up
recently purchased two lota at the tha harbor for the first time on the deck
northwest corner of East Sixteenth of a trans-Atlantlo liner, haa all been
street and Hawthorne avenue from Mar- produced In the past -15 or 20 years
ecaret E. Frailer for 110.000. Tha propT Few realise what it haa eoat In human
erty will ba utilized at once aa a alte effort. In money, and architectural and
for a combination atore and flat build- enalneerina ability to nroduea this im-
Ing.
. A house and quarter block In Wal
nut Park was sold last week by Oscar
tv. Griffin to a local home buyer for
15700. " ,
Herbert Gordon haa purchased for a
home a house and lot located on East
Yamhill street, between Kast Twenty
eighth and East Twenty-ninth streets.
Tha property belonged to W, K. Benale
and was sold for $6000.
Charles L. Boss haa sold to Sarah
Cavransky - a 40 by 100 foot lot and
cottage, located on the west side of
I.'aBt ' Twelfth street, between Hancock
end Tillamook, for $5100.
C. D. Edwards has purchased from
B. Brown a house and lot in Rose
Ity Park for $4000. Another Rose City
Park home was purchased last week by
j'hil Fell rrom K. j. Mason for a con
sideration of $4500. Mrs. Viola French
lias sold her home In Rosa' City Park
to A. westermlre for $48u0,
Architect J. H. . Hockenberry baa sold
to Mrs. -Mary F. Hobklrk a new dwel
ling occupying a 60 foot lot at the
southwest corner of East Forty-first
and Br&zee streets, consideration $5000.
poalng pile, nor that thla skyline marks
a new era. In architecture. Just aa the
mediaeval church marked an era.
Born of necessity, on account of the
rising values of land, the skyscraper
haa. developed rapidly both in height,
appointments, and artistic effect. The
early skyscrapers, 10 and 13 stores, and
considered in their tlma aa marvels of
engineering skill, have developed into
the 700
about ta ba aurpaaaed In height by tha
$00 foot Wool art h building.
The prediction la often made that thla
high building development would an
account of economlo conditions, nacre
aarlly have to be retarded. In moat of
tha large cities It la conceded that the
supply la already greater thaa the de
mand, and preaant renta ara much low
er than tha Initial cost, operating ei
penaea and Inrreaalng taias warrant, and
only a cessation of building, for a
time at leaat, will rectify thla condition.
100 atory Building.
"Will tha ioo atory building ever
come," la a question frequently beard?
Leading archltecte and engineers agree
that from aft engineering standpoint
such a building la entirety possible, but
from an Investment standpoint abso
lutely Impractical.
"It haa been eitlmated that la aky.
acrapar development throughout the
ITnlted. State. 20 bllllona of dollara
have bean Inveated and that a,000 peo
ple are employed In the operation and
erection of building e In which more than
7. 000. 000 people find ehelter while pur
aulng their vocations."
OFFICERS ELECTED By
BIGETON TRACT
PLEASES BUYERS
Barbecue and Concert to Be
Held at New Site Bright
Future for City Seen.
TYPOGRAPHiCA
UNION
The following" officer war elected
for the year yesterday by Multnomah
Typographical Union, No. Si. Portland
President, F. C. Slmmona. Tha Journal
linotype department; vice president. R,
R. White; eecrtary-treaeurr, Lon da
Yarmond; reading clerk, A. A. Hickey;
sergeant at arms, Jamea L. McCowan;
doorkeeper, F. W. Gardner.
Delegates to L T. U.. J. J. Prloa; al
tornat delegate. George H. Howell; ex
ecutive "committee, newa branch, H. T.
Blair. A. W. Leslie; Job branch. A. S
Johnson, 8. H. Wilbur; Job branch at
large. C B. Taylor; auditing commit
tee. IC. B. Laughlln. J. J. Price, R. H.
White; reference commit tea, R. P. Co
burn, A. J. Conger, A. C. Raven; mam'
bersbtp committee, Carl Houaa, W. L.
Klbbee. N. It. Toates: delegate to A.
P. T. C George H. Howell. C. P. Ho
ard, A. C. Turner; delegates to C. L. C,
W. L. Klbbee, A. W. Lawrence, m. w,
Peterson. A. C Raven. .
Multnomah union oast a majority of
votes for the three leading officials of
the International union elected yester
day. These Include Jamea M. Lynch,
Syracuse, reeieciea president; ueorge A.
Tracy. San Francisco, vice president,
and John Haya, Minneapolis, secretary-treasurer.
Haines Water Plant Ready.
(Sptclel to Tha Journal. i ,
Haines, Or., May 19. The Haines wa
ter system la finished. The contractors
have turned tha plant over for opera
tion, and the price $17,000 haa been paid
by the city.
Thirteen miners were killed by a
oave-ln of the Narrle Iron mine at Iron-
foot Metropolitan tower, now wood, Mich., Tuesday.
The to acre tract on the couth bank
of the Columbia river recently platted
aa Rrldgeton Into 100 lota, haa under
gone a wonderful change In the laat
two weeka. Tha fencea have bean taken
down and the sidewalks are being laid.
and tent houaaa are already being
erected by the purchaaera. Ona hundred
and forty-one lota have been aold since
opening day.
The Spanton company are giving a big
barbecue at Brldgeton tofay and will
have a band concert all day by the
Peninsula band. .A great many people
will, remember thla band In tha Roaa
Featlval paradee during the paat five
yeara.
W. A. Spanton of the Spanton com
pany scouts tha Idea that tha local
realty market la quieter than usual
at thla aeaaon of tha year. While talk
ing on thla subject yesterday Mr. Span
ton said:
"A great many people seam to thlak
that tha real eatata market la dull at
thla tlma. but In a larg city Ilk Port
land there is always a demand for some
thing. We have been aearchlng for the
laat year aa to what would fill thla
demand and found ' It whan Brldgeton
waa platted. .Tha demand, at thla time
la for m home that tha wage earner can
afford to rent for ll a month, or a
home that he can buy for $1000, .
"We believe that Portland la about to
enter on an era of proaperlty never
equalled before. Business appears to
be better all over the aaat than it has
been for the laat five yeara. Cropa
are good all over the United Statea and
especially In tha nortbweet and prlcea
ara high. Tha political upheaval will
b over In November and then Portland
will eurely have four or five yeara of
wonderful proaperlty."
Pleasure Telephone
Teller of. the News
In your office or home, a
ceaseless stream of news,
music and song from 8 a.
m. to 12 p. m. 5c a day
Society Section, Pag a.
AUTHORIZED
SELLING
AGENCY FOU PIEDMONT
An authorlfed selling agency for Pied
mont, of one of tha best known of the
east aide residence subdivisions,- haa
been secured from The Investment com
pany, owners, through its president, E.
Qilackenbush, by the "firm of Qa$e &
Dorn. who have Opened offices in the
Lumbermens building:. Fifth and Stark
atreets.
Of the original plat there are still
many lots remaining and an active selling-
campaign has been Inaugurated bv
the agents In whose hands this exclusive
residence district has been placed. ' A.
C Gage has been with the Investment
company- in charge of - Piedmont for
the past five yeara. E.L. porn recently
removed here, from Bah Francisco, where
he was for many years la tha Insurance
business.- -. : '
Piedmont has more-than six miles of
jiaved atreeta and is considered one of
hjLJP?Q?.?ir?JiiJ-rPgldf V"a leotlons of
ortland. '
BAKER COUNTY LAND -;
FOR FLAX CULTURE
' -(Special o The, Journal.)"""7
; Baker. Or.. May 1 Abou t 1 003 acre
In tha North Powder and Grand Rond
valley wilt b aown to flx tbla spring.
Alien P. Alienaworth of New Tork city,
bead of tha American riaxaeed depart
ment &t the American Llnaeed company,
tAa world's largest linseed! oil crusher,,
ma left for. his horn after having con
tracted foe tha acreage -mentioned. ;
They said
to Tillamook:
C M.jS.Ij
SIR
but Tillamook proved it was not boasting
made
MFCIfY
DEEP WATER SEAPORT
and
RAILROAD TERMINUS
ON TILLAMOOK BAY
LOTS NOW
z si5oar -
ON EASY TERMS
-TILLAMOOK COUNTY during the past year
over three and one-half milliori pounds of the peculiarly '
delicate cheese which beam its name, and sold it prac
tically all to buyers at its own gates for around 20 cents
a pound a very fancy jobbing price for cheese, which
proves that Tillamook must be , very fine.
CHEESE is one of the least products of the Tillamook
country. On the completion of. the Panama canal and
the Tillamook Bay deep channel (about the same time)
the outputs of immense saw and lumber mills will find
markets in every quarter of the globe..
it is tnen tne wisis invjsstuks now
buying lots in BAY CITY will reap, im,
..mense profits.
SECRET, of. successful investment"?
II
Call or . te,nL for particularg-and the
SPALDING BUILDING, PORTLAND:
: Phonef Main 1116, A-7023
9
,T.K.f.ir.-
VERY LARGE GAIN
SH IN VALUE
OF
AM
LAIS
During Past Ten Years. In
" crease In United States
Amounts to 118 Per Cent.
- Considered Remarkable.
Acrorllna ta autlallca nraearwl ay
tha a (cultural defartmant of tha
L'nli4 Slat fovaraaieat, there haa
baeii an Innraaa In value, ef 111 Pt
tenc er abaol IS per cant par annum on
all the farm lan In thla country dur
In- tha past It reara Tha govern
ment a tnvaetttatlona a how that ovai
ana abr thla tain ta value the land
haa prodacd enough graaa during tha
aaeoe period lo par tor all tha land
four llmae aver. The net produtt from
tilling land In thla country etlmeled
at I par cant a year. ' Thla Inoraaao
from tillage added t the yearly lncra
In value, maka a Bat annual gain of
IV per cent for the laat It yaara.
maaMrkaal OaUa.
Beginning with 1M0. the year the
government flrat gathered and collected
atatiatlca on Increasing land values.
down lo the preaant every It year period
ehowa practically tht same result, ao
Inereaaa In value of rrom 19 to 11 par
cant In farm landa and an annual nl
earning of T to I pr cent on produc
tion, wlta tea net earning showing a tend
ency to Increase of lata yaara. on ac
count of better methode of conducting
tha bualneaa or farms and battar meth
od of cultivation.
No other claaa of Investment for such
a pertad eaa aha. uh a record et
aafaiy ef raaiUwy a4 HafaUlag gala.
lock aad bond flualaal la valua
Their value hrlBb aad aomailme
ttralr dieapaaara. iucB a lalag eauld
navsr happea ta good farm land wall
afe taralaiaal.
rf g parwaneat Inveatraeat. lead
Wlf la eafa, flut land can not
bought lntcr!tlelf all Ih bra I
ucaa Tha auyar Biuit bnw where
U find good land aad how I
good buy whn ba aa aaa. Tha aaan
witb only a little) raaaey I laveat eaa.
net afford t far gat that aaa good baad
Inveetaaant will bring more enoaey
thaa h ran a am ta a lifetime.
Stephen Ulrard af rhltadaiphla, left
an aatat valued at H tul.tto. half af It
la ataadard eeka aad the remainder la
lands. Today the landed portiea af that
MUU la velaad al lll.eio.tot. while the
stocks have dwindled to ll.IOO.ea. Tne
Aator aaiate la all In land aad It la
worth llll.eoo.eoo. When William Aa
tor died It yeara ago, hta eauie waa
worth I19.600.00t. The Oould aetata I
Marly all In etoeka and hoods and It la
aaid la ba worth mwoh leaa thaa It waa
wbea Jay Gould died. II yeara aga.
Just aa aura as time goe aa and pop
Ulatlan Incroaeea, at tha aaan tlma la
ereaalng the value or land that goa
rtght on produolpg a eat annual reve
nue, na matter what happens In the
general buelneea world, Jaat aa sure
will money Invested la land and land
aloae yield the large, returna ta tht
In vast or and Ma aetata
I 1 net unreasonable ta auppoee that
land will continue ta make a gala at the
rate of 10 per cent a year for It yeara
or at least for a great many yeara. In
weetern Europe, particularly France,
Germany, Holland aad Belgium, when
tha population par aquara mile la It
to ft tlmee what it la In thla country,
such land on raq buy In the I'nlttd
titatea for 1 100 an acra, will et the
purchaaer several thousand dollara aa
acre, and tha landlord receives a good
return at that.
SALES IN KINGS AND
AUitHDS
l,ocaI Firm: Reports Transac
tions of the Past
Week.
A Waahlngton lnvemtor haa brought
out a combination af levera, by which
one man can pull up a amall tra ar
bush by the roeta for traneplaattng.
Parr E- Keaaey A Ca reports tha fol
lowing aalea af Artlagtea Hetghta and
Kings Heights propertlea during the
paat weak: . .
W. II. Jonee. Itttt: J. ft, Johaatoae.
Ilttti X. J. Blake, IKIt; U Hodl.r.
ITIt; t a Hasan. Tlt. David i.
UlllUma, )ltt. .
la Ita general real eatata department
tht firm reports tha following aalea:
Ta aliana rela, heme, coiaar last
rorty-nlntb and Tbompaon. Hoe City ,
rark- Hold for Mrs. Joaephlne Maaoni
aonaideratlon 14100. '
To Kathleen bl. Durham, heme ta Irv.
Ing ton, 141 East Nineteenth eireec gold
for M. B. Kindle; cenalderatloa 14700. -
Ta H. B. rntchard, homo la Terrac
Park. Hold for U W. Davie; consider. .
tlon IllOt.
To J. C Clark and If. VI. Neleoa, four
lota la Rlverdale; conaldaratlon llltl.
To Mr. Uali. houaa la Crystal
Springs tract. Sold for Mra, Utflelea,'
conaldaratlon llltt.
Ta Thomae Haalatt. home, lit last '
rorty-ninth strwet. Hold for Idlnnta
Darning; conaldaratlon IttOO,
To Ada M. Hart, three acre - aoar
Council erase Sold for N. I. and U Jfc
Olttlamr conaldaratlon tlttt.
' To C A. Marlon, lot In Tualatla Tie
Tark, ConsldaraUon lilt.
To Richard Obea. I H-acr traeta la
Fair Acres ea Base 14ae road; aonsld '
ration llltl.
To Prank Tampleton. I acre Base
Une road. Sold for Mra Bumham; aaa.
alderatlon 11001.
Join Our Excursion Way-
TO THE
Beautiful Cleveland Meadows
AND THE SUBURBAN VILLA OF GRESHAM ' '
Special Excursion Jrain .
COACHES AND PLATFORM CARS
f a . ,
Take the banner cars leaving. Yamhill street, bet. Second . and . Third, at-12:45 J' ;
p. m. sharp, or Mount Hood depot.at end .of .Moritavilla line, at 1:30 p.' m.
Round Trip Tickets only 25c
DONT MISS THIS DEUGHTFUL RIDE OVER THE NEW SCENIC ROAD ;
CLARK CANNON
:274.0AK STREET AND 80 FOURTH STRESXH-M
7 If
(PORTLAND'S LATEST WEST SIDE SCENIC ADDITION)
If you have been looking for a homesite or Investment on the
west side of the river, carrying a moderate price with easy terms,
HERE IS YOUR OPPORTUNITY! Just 3 j2 miles from the busi
ness section of the city to this property, which Nature has favored
so strongly for the homeloving man. Right on Portland's best au
tomobile drive (Unnton road). ' -
WILLBRIDGE offers a beautiful, sweeping view. of the. moun
tains and rivers,. has good car service, graded streets, all conveniences
such as Bull Run water, gas, electricity, etc." -: " - -
50
and
Prices $400
Larger
and niHipy Jew
:: With its favored location, its- accessibility, ; cwiveencesi Wijibridgti
prices should appeal to all, investof as well as homeseeker. To;ar;4
vpreciate the merit of this '' jprppertyoa mustsee:.lt.XiSE; IT
TODAYI Take United Railways car at Second,and Stark "streets--
..get off at Willbridge Station, - Gouous salesmerf ofiig
Phones Main 6659, A710
214 BOARD OF TRADE FU